Gold is correcting the bounce off the small descending channel, could still be a good entry in the 15 minutes as RSI is getting in the oversold position 1745-1749 to 1754 and in extension 1764 if Gold is really moving higher ; in this moment we can see a bullish formation, so it could move higher to 1765 or consolidated over the resistance of 1742 and 1747 between 1742 and 1754
Note
Long 50% at 1748Note
Closed trade at 1753,5 in profit , there is resistance at this leve, i preferred to lock profit and wait.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.